Faze Three Limited has been approved under the Government of India’s PLI Scheme to manufacture products in the MMF Fabrics and Technical Textiles segment.
Under the scheme, the Textile Manufacturing company will be eligible to receive incentives based on incremental sales of eligible products over the base-year sales as prescribed under the PLI guidelines.
The incentive structure is directly linked to the sales performance of eligible products compared to the prescribed base-year sales, supporting the company’s long-term growth in technical textiles. The mechanism is designed to encourage enhanced production capacity and output in the notified sectors.
The company said the approval positions it to benefit from financial incentives tied to production growth in the MMF Fabrics and Technical Textiles segment.
The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Faze Three has committed a minimum investment of Rs 100 crore (US $10.50 million) under the PLI scheme, with a projected incremental sales target of two times the base-year level.
In recent developments, Faze Three reported a 14% year-on-year increase in revenue in Q4 FY26, supported by demand from North American retailers.
In April 2026, the company completed the upgrade of its manufacturing facility in Vapi, Gujarat, which is expected to serve as the primary site for production under the PLI scheme.
Bharat Tex Special Report 2026 
